Business Business: NTPC Renewable Energy Limited, a subsidiary of NTPC Green Energy, is working on large-scale solar power projects. The company emerged as the successful bidder in the tender of Uttar Pradesh State Electricity Corporation. The tender was issued by UPPCL on January 3, 2025 for the ISTS 2000 MW Connected Solar Project under the tariff scheme. NTPC Renewable Energy has acquired a capacity of 1000 MW. It was fixed at Rs 2.56 per kWh. At present we are waiting for the award letter of UPPCL.
Last week, on December 27, NTPC Limited announced the commissioning of the first phase of its 200 MW solar power project. Let us tell you that this project is also in collaboration with NTPC Renewable Energy Limited. NTPC Group has so far created a power generation capacity of 76,598.18 MW.
Shares of NTPC Green Energy closed 0.35 per cent higher at Rs 128.35 on the BSE on Friday. In the last month, the share price of NTPC Green Energy has declined by nearly 10%. The company has a 52-week high of Rs 155.30 and a 52-week low of Rs 111.60.
Currently, shares of NTPC Green Energy are trading at around Rs 128. The target price of the company is Rs 134. It can go up to Rs 139. At the same time, the stop loss is set at Rs 120 per share.
